Marcellus Minutes is a subscription-based newsletter sent to all subscribers registered through the Marcellus Minutes website that contains information on legislation including bill tracking, committee hearings and news from the Capitol in Harrisburg. Access to the website is free and provided to those directly involved and those with an interest in Pennsylvania’s oil and gas industry.

Governor Corbett signs SB 259, royalty stub bill, into law

The new law requires that whenever payment is made for oil or gas production to an interest owner, all of the following information shall be included on the check stub or on an attachment:
• the lease identification number;
• month and year of sales or purchase included in the payment;
• total barrels of oil or Mcf of gas purchased;
• total amount of severance and production taxes;
• net value of total sales from the property after taxes are deducted;
• interest owner’s interest in production;
• interest owner’s share of the total value of sales prior to any tax deduction; and
• interest owner’s share of the sales tax value less the interest owner’s share of the
production and severance taxes.

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